For Sale
$25,785,000

2511 Paramount BlvdAmarillo, TX 79109

Ten Shopping Centers, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a portfolio of ten strategically located shopping centers spanning across West Texas and the Panhandle. Encompassing a substantial 610,243 square feet of retail space, the portfolio boasts a diverse tenant mix including national brands like Dollar General, Dollar Tree, Tractor Supply, Goodwill, Subway, Little Caesars, and United Supermarkets, alongside regional and local businesses such as Rent A Center and Big R Stores. Currently operating at 56.6% occupancy, this value-add opportunity offers significant upside potential. The portfolio is priced attractively at $42.25 per square foot, with average rents considerably below market averages, presenting a compelling return on investment. The properties are situated in Amarillo (multiple locations), Dumas, Hereford, Plainview (multiple locations), and San Angelo, Texas, offering geographic diversification and access to established markets. Detailed financial information and property-specific data are available upon request. This portfolio represents a rare chance to acquire a substantial retail footprint in a growing region with strong potential for increased occupancy and rental income. The diverse tenant base provides stability and resilience, while the below-market rents offer immediate opportunities for value enhancement. This is an ideal acquisition for investors seeking a significant value-add opportunity in the Texas retail market.

Highlights

  • Portfolio of 10 shopping centers in West Texas and the Panhandle.
  • Excellent value-add opportunity with significant upside potential.
  • 610,243 square feet of retail space.
  • 56.6% occupancy.
  • Priced at $42.25 per square foot.
  • Below-market average rents.

Property Details for 2511 Paramount Blvd

Property type
Lifestyle centers, Power centers
Square Feet
610,243 SF

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.185567660364
Longitude
-101.87267552249
2511 Paramount Blvd, Amarillo, Texas

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2511 Paramount Blvd
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